What is Preval?
Preval, named after The Precision Valve Corporation, operates as a key division of Chicago Aerosol, offering U.S.-based aerosol contract filling and custom formulation facilities. The company is renowned for its delivery system that enables consistent, professional spray results, filling a critical void across various coatings sectors. Preval products are widely distributed in hardware and paint stores across America and through industrial distributors globally, with manufacturing based in Coal City, Illinois. The Sprayer and vFan Portable Airbrush System are designed to provide unadulterated, fine finishes and coatings for small surfaces, serving industrial, contractor, and consumer users alike.
How much funding has Preval raised?
Preval has raised a total of $200K across 1 funding round:
Debt
$200K
Debt (2024): $200K with participation from Hanmi Bank
Key Investors in Preval
Hanmi Bank
Hanmi Bank is a financial institution that likely provides debt financing and banking services to businesses, potentially specializing in supporting manufacturing and industrial companies.
What's next for Preval?
With its recent strategic investment and substantial total funding, Preval is well-positioned for continued expansion and innovation in the aerosol and valve technology markets. The company's established distribution network and reputation for delivering professional spray results suggest a trajectory focused on scaling production, enhancing product lines, and potentially exploring new market segments. This latest capital infusion will likely support advancements in formulation capabilities and the broadening of its reach within both consumer and industrial sectors, reinforcing its role as a leader in specialized coatings application.
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